5 Bedroom smallholding for auction in Colleen Glen, Port Elizabeth

LARGE PLOT IDEAL FOR EXPANSION OR INVESTMENT – PERFECT COUNTRY STYLE LIVING

Going on Auction: Wednesday 24 August 2022
Reserve Price: R4 300 000.00 (All offers will be reviewed)
Expected Opening Bid: R4 200 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

A large plot of 2.3258 hectares that includes a main house, wooden cottage, and large workshop with storage (currently being used as a carpentry business). The double storey main house has 3 bedrooms (main en-suite) raised lounge, open plan dining room, modern and spacious kitchen. The cottage offers 2 bedrooms, 1.5 bathroom and open plan living room, kitchen, and lounge. Stunning wooden floors and finishes throughout. This property must be seen. Vacant on transfer. Potential combined rental income of approximately R50 000pm. Seller is not registered for VAT

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.